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[Mains Static] Linkages of Organized Crime with Terrorism

Terrorism and Organized crime have long been considered as two separate phenomena. But recently scholars are beginning to grasp the symbiotic relationship that has grown over the years especially after the 9/11 attack on the USA. India continues to be the main target of terrorism and also grapples with the menace of organized crime; it is important for policymakers to study and come up with a solution to the unholy linkage.

Electoral Bonds – Is it effective to bring Transparency in Political Funding?

The State Bank of India (SBI) has opened a 20-day window from where an individual, acting singly or in concert with others, can buy electoral bonds and donate money to political parties. Purchasers of these bonds have been granted anonymity, thereby creating opacity in what should have been a transparent process. Data gathered in response to an RTI query revealed that there has been a 62% jump in donations collected through electoral bonds this year (2019).

Notably, Election Commission of India (ECI) has told the Supreme Court that the electoral bonds, wreck transparency in political funding. In its affidavit submitted to the Supreme Court, the EC pointed to the amendments made to key laws, with dangerous consequences.

This article explains the following in an analytical manner with a mindmap for better understanding & quick revision:

  1. What are Electoral Bonds?
  2. What is the need for Electoral Bonds (Pros)?
  3. What are the concerns against Electoral Bonds (Cons)?
  4. What are the reforms needed in Indian electoral financing?

Financial Action Task Force (FATF), Pakistan & Terror Financing – All You Need to Know

The Financial Action Task Force (FATF), the global watchdog that combats money laundering and terrorist financing, had grey listed Pakistan in June 2018 for not cutting down the finances of terrorist groups within its soil. Greylisting puts Pakistan under international scrutiny to prove its compliance with FATF norms. Notably, the greylisting move was initiated by the US.

Even with greylisting measures, Pulwama terror attack happened in February 2019 = FATF (with India’s lobbying) threatens Pakistan that it will be moved to the blacklist due to its failure to comply with the action plan which was due May 2019. Blacklisting could virtually cut all financial flows to Pakistan.

This big-picture article explains the following in an analytical manner with a mindmap for quick revision.

  1. What is the Financial Action Task Force (FATF)?
  2. How FATF works?
  3. What is the grey list and blacklist?
  4. What is the issue with Pakistan?
  5. Why the US initiated the move?
  6. What are the implications of placing Pakistan on FATF watchlist?
  7. Has Pakistan changed with external Pressures?
  8. Why has Pakistan failed to comply with or curtail terror funding?
  9. What is the way forward?
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